Binary.com Profits in 2017 $20min

Since being established in 2000 as BetOnMarkets.com, the company has been registering consistent growth with the past three years being particularly successful for Binary.com. According to the details in the documents provided along with the ICO, the company’s net profits for 2017 are expected to surpass $20 million with the trading volumes exceeding $900 million.

Net profits for 2015 surpassed the $10 million mark, with the number reaching to just below $14 million last year.

The company’s turnover was over $750 million in 2015, and almost $850 million last year. Shareholders received close to $14 million in dividend payments last year and $12 million in 2016. The documents show that expectations for this year are around $13 million.

The firm states that this year the number of active clients that are using its platform surpassed 100,000. The number is materially higher than last year when the company’s clients reached close to 80,000.

The total number of transactions Binary.com clients executed reached almost 140 million in 2015 and dipped only slightly last year. The company expects it to rebound this year.

The Cyprus Securities and Exchange Commission (CySEC) has issued yet another fine to a licensed Cyprus Investment Firm (CIF). This is...

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HIGH RISK INVESTMENT WARNING:

Binary Options and Forex/CFD carry a high level of risk to your capital due to the volatility in the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.